Profund Advisors LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,410 shares of the computer hardware maker’s stock after purchasing an additional 30,654 shares during the period. NVIDIA accounts for 1.4% of Profund Advisors LLC’s portfolio, making the stock its 11th largest holding. Profund Advisors LLC’s holdings in NVIDIA were worth $35,296,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in NVDA. Welch Investments LLC purchased a new position in shares of NVIDIA during the 3rd quarter worth about $104,000. Country Trust Bank boosted its stake in shares of NVIDIA by 490.0% during the 4th quarter. Country Trust Bank now owns 590 shares of the computer hardware maker’s stock worth $114,000 after purchasing an additional 490 shares during the period. Global Trust Asset Management LLC purchased a new position in shares of NVIDIA during the 4th quarter worth about $116,000. North Star Investment Management Corp. boosted its stake in shares of NVIDIA by 67.3% during the 4th quarter. North Star Investment Management Corp. now owns 634 shares of the computer hardware maker’s stock worth $123,000 after purchasing an additional 255 shares during the period. Finally, Crewe Advisors LLC purchased a new position in shares of NVIDIA during the 4th quarter worth about $148,000. Hedge funds and other institutional investors own 67.01% of the company’s stock.
NVIDIA Co. (NASDAQ:NVDA) traded up $1.03 during mid-day trading on Wednesday, hitting $248.74. 12,637,361 shares of the stock traded hands, compared to its average volume of 18,250,000. NVIDIA Co. has a fifty-two week low of $95.49 and a fifty-two week high of $254.50. The stock has a market cap of $150,490.00, a P/E ratio of 53.96, a P/E/G ratio of 3.92 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 8.03 and a quick ratio of 7.34.
NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.56. NVIDIA had a net margin of 31.36% and a return on equity of 45.02%. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the firm posted $1.13 earnings per share. The firm’s quarterly revenue was up 34.0% compared to the same quarter last year. equities analysts forecast that NVIDIA Co. will post 6.22 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, February 22nd. NVIDIA’s dividend payout ratio (DPR) is presently 13.02%.
A number of equities analysts recently commented on NVDA shares. Needham & Company LLC lifted their price target on shares of NVIDIA to $300.00 in a research note on Friday, February 9th. B. Riley reiterated a “buy” rating and set a $270.00 price objective on shares of NVIDIA in a report on Monday, January 8th. Goldman Sachs Group reiterated a “buy” rating and set a $228.00 price objective on shares of NVIDIA in a report on Friday, January 5th. Vetr lowered shares of NVIDIA from a “strong-buy” rating to a “buy” rating and set a $217.46 price objective for the company. in a report on Wednesday, January 3rd. Finally, Mizuho reiterated a “buy” rating and set a $225.00 price objective on shares of NVIDIA in a report on Tuesday, November 28th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $212.38.
In related news, CFO Colette Kress sold 171 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James C. Gaither sold 40,359 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $245.67, for a total transaction of $9,914,995.53. The disclosure for this sale can be found here. Insiders have sold 58,546 shares of company stock worth $14,034,433 over the last three months. 5.17% of the stock is currently owned by insiders.
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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